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Today's trade is in a name that has been strong off the April 7th lows. But when we zoom out, it's only just beginning to breakout.Even better, we can keep the trade simple and have a chance at a 6x return if we get it right.
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to...
Biotech has been one of the worst-performing industry groups this cycle. Investors have got used to it as these stocks have been dead money for much of the past decade.
Today's trade is in a big cap leader that has been in a little drawdown off highs over the past couple of weeks. This, coupled with earnings coming up next week has options premiums juiced.